Winnipeg Business Plan Writers

Ranked as the ninth largest Canadian city, Winnipeg has a population of 753,700 (Statistics Canada, 2018) and dominates the Manitoba economy. From sectors like aerospace, transportation, agri-business, and manufacturing, to insurance and government (largest employer), Winnipeg has one of the most diverse economies in the country.

Data by The Conference Board of Canada shows that the Winnipeg CMA is expected to have a healthy economy over the forecast horizon to 2040 because of diversity in manufacturing, strong construction activity, and an expanding services sector. Over the short run, real GDP is expected to be very strong, growing around 2.6% given the considerable amount of construction activity. Over the long run, real GDP is expected to grow by an average annual compound growth rate of 2.1% from 2015 to 2040.

As the capital of Manitoba, 14 per cent of Winnipeg’s workforce is in the public sector. Aerospace also has a large presence, thanks to a Boeing Canada facility that employs 1,500. In total, Winnipeg’s aerospace companies generate $1.6 billion worth of economic activity per year, as reported by Western Investor. Provincial mining and electricity-generating potential will lead to further mega projects being developed over the next decade, which will directly benefit Winnipeg’s economy.

Advantaged with competitive operating costs, as well as being among the lowest hydro rates in North America, Winnipeg’s location in the centre of the continent benefits the city by residing in North America’s central time zone. It’s also a little known fact that the city possesses a favourable standing relative to its competitors. According to the worldwide audit firm KPMG, the Competitive Alternatives 2016 report reveals that Winnipeg has the lowest overall business costs in Western Canada; moreover, their costs are lower than every U.S. city surveyed.

Economic Development Winnipeg reveals that dollar for dollar, the city is a great place to run your business or launch a startup. With low corporate taxes, low skilled labour rates, low energy costs, low health-care premiums, and low transportation costs, Winnipeg’s advantageous business environment makes it easier for businesses to succeed.

One of Winnipeg’s biggest differentiators lies in its supportive business community. Business owners not only place high value on networking and building professional relationships to create a collaborative and supportive business environment, but Winnipeg has both a well-supported Chamber of Commerce and robust industry associations, an infrastructure of institutions that is arguably more in-depth than other similarly-sized major centres.

It’s widely recognized that everyone in the community, from business to government and beyond, work to help make things happen for each other. Even direct competitors, Winnipeg’s business elite is hardwired to assist each other with advice, opportunities and solutions that contribute to the overall health of the city.